In January 2011, Penélope Cruz and her husband Javier Bardem welcomed their first son. Reps for the couple said "Both parents and baby are doing great."

Penélope and Javier, 41, married in the Bahamas back in July when she was two months pregnant. The duo has known each other for many years, they starred in 1992's Jamón, jamón together in addition to Vicky Cristina Barcelona in 2008.

Penelope-Cruz.org would like to extend our biggest congratulations to the lovely couple!

"I always consider Madrid my main home. It is important for me to make movies in my own language, and Madrid is my base. That is the privilege I have - going back and forth. In L.A. there is too much focus on things that aren't so relevant. The obsession about movies, about the business..."

The Oscar winner with arguably the most impressive list of upcoming projects has to be Best Supporting Actress winner Penelope Cruz. Cruz has two projects that also seem to have Oscar written all over them.

The first will be the newest film from Pedro Almodovar, the highly anticipated Broken Embraces. The last time Pedro and Penelope got together, they made the incredible Volver, which netted Cruz a nomination and worldwide acclaim. Very little is known about the plot of Embraces but it will reportedly open soon in Europe. American audiences will have to wait until November 6th, 2009.

Just a few weeks after Broken Embraces opens stateside, Penelope Cruz will be seen again in Nine, the highly anticipated musical from Chicago director Rob Marshall. With nineteen Oscar nominations and nine wins with only two movies (his sophomore film was Memoirs of a Geisha), anything Rob Marshall has in production has to be taken very seriously and this one has Oscar potential written all over it.

Nine co-stars an amazing six Oscar winners. Daniel Day-Lewis plays the lead with Nicole Kidman, Marion Cotillard, Judi Dench, Sophia Loren, and Penelope Cruz in supporting roles. Kate Hudson and Fergie also play supporting parts in the adaptation of the Tony Award-winning musical of the same name based on Federico Fellini’s autobiographical 8 1/2.